That’s why I brought up the debt ceiling. If we default on our debt, the dollar stops being a safe investment. The world loses confidence in the American economy. The president could print all the money he wants. All that inflation would do is fuel the pyre of the global economy. The president could become a strongman ruling through military force. That wouldn’t do a damned thing to make the world confident in the stability of the dollar. It would be a bank run on America itself. Everyone pulls out of the American-led at the same time.

It bypasses the president by destroying the world economy. The only people who could stop it would be the investors and governments that hold American debt.